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54212
Stable industrial turnover
statistikk
2011-05-06T10:00:00.000Z
Energy and manufacturing;Energy and manufacturing
en
ogibkoms, Turnover in oil and gas, manufacturing, mining and electricity supply, industrial turnover, domestic market, export market, valueEnergy , Oil and gas , Manufacturing, mining and quarrying , Energy and manufacturing
false

Turnover in oil and gas, manufacturing, mining and electricity supply, March 2011

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Stable industrial turnover

The total turnover in Norwegian manufacturing had a small drop of 0.7 per cent from the fourth quarter of 2010 to the first quarter of 2011, according to seasonally-adjusted figures.

Index of turnover for manufacturing January 2002-March 2011, 2005=100

Index of turnover for manufacturing. Seasonally adjusted. Three-month average 2002-2010

Turnover within the industry related to building of ships, boats and oil platforms fell by 27 per cent from the fourth quarter of 2010 to the first quarter of 2011, according to seasonally-adjusted figures. Some of this decrease was due to the reclassification of several enterprises from manufacturing to service activities (see the first explanatory box below). Machinery and equipment and repair, installation of machinery reduced the turnover by 5.7 and 5.4 per cent respectively.

Among the industries with positive results in the same period were basic metals, up 9.2 per cent, while computer and electrical equipment went up by 7.1 per cent. The growth within both of these industries can partially be explained by an increased production volume, see the Index of production . Higher metal prices in the 1st quarter of 2011 has also contributed positively to the basic metals industry in this period.

Turnover from February to March 2011

Seasonally-adjusted figures showed that the turnover in Norwegian manufacturing went down by 3.6 per cent from February to March this year. Building of ships, boats and oil platforms fell by 9.6 per cent. Fabricated metal products drop by 6.7 per cent. Basic metals showed a tiny fall by 0.8 per cent. Slightly lower metal prices in February contributed to this, see the Producer price index .

Decreased turnover from March 2010

Unadjusted figures showed that the total manufacturing turnover fell 2.7 per cent since the same month last year. This was due to a decrease in turnover in the home market, while the export market showed growth. The industries that had the greatest impact were building of ships, boats and oil platforms, with a fall of 34 per cent. Machinery and equipment drop by 9.6 per cent, while repair and installation of machinery fell by 11.3 per cent. Turnover within food products fell 3.2 per cent from March last year.

On the other hand, industries with increased turnover included rubber, plastic and mineral products, up 15.6 per cent, while basic metals went up 21.8 per cent in the same period. Turnover within refined petroleum, chemicals and pharmaceuticals increased by 4.3 per cent compared to March 2010.

Norway and the euro area

Unadjusted figures show that Norwegian manufacturing turnover went up by 3.3 per cent from February 2010 to February 2011. Manufacturing turnover in the euro area went up 16 per cent in the same period, according to figures published by Eurostat . These figures must be considered in relation to the fact that the decline in Norwegian industry was not as pronounced as in the countries in the EU, and had a different course due to differences in the structure of industry.

Statistics on turnover of oil and gas extraction, mining and quarrying, manufacturing, electricity and gas supply. March 2011
 
  Original series.1
January-March 2011		 Changes in per cent.
January-March 2010-
January-March 2011		 Original series.1
March 2011		 Changes in per cent.
March 2010-
March 2011		 Changes in per cent.
Seasonally adjusted.
October 2010-December 2010-
January 2011-March 2011
 
The overall turnover  402 106 7.0  142 800 5.3 0.4
           
Extraction and related services  167 320 17.3 59 199 18.9 3.5
Manufacturing, mining and quarrying  185 549 0.9 67 397 -2.5 -0.5
Domestic market  109 799 -1.0 39 364 -7.0 -4.7
Export market 75 750 3.9 28 033 4.6 6.1
Electricity, Gas and Steam Supply 49 237 -0.2 16 204 -3.2 -2.1
           
Main industrial groupings          
Intermediate goods 86 390 15.9 31 499 13.6 4.2
Capital goods 49 378 -15.7 18 458 -17.9 -8.6
Consumer goods 46 755 -1.9 16 781 -4.5 -0.8
Energy goods  219 583 12.6 76 062 12.1 1.2
 
1  NOK million.

From manufacturing to services in oil and gas extraction

As from January 2011, several enterprises have been reclassified from manufacturing to service activities in oil and gas extraction in the Central register of establishments and enterprises. As a result, these establishments have been moved from manufacturing to extraction and related services in the statistics on turnover. These changes have also been incorporated into the population that is used to inflate the sample to total turnover in the various industries. Read more about the changes in the annual statistics for oil and gas activity .

Changes in population basis

Turnover from auxiliary enterprises and financial holding companies is excluded from the defined population for the monthly statistics on turnover. This is in accordance with forthcoming changes in the publication of annual manufacturing statistics.

Interpretation of seasonally-adjusted figures

In order to facilitate the interpretation of the short-term development, statistics on turnover publishes three-month moving averages of the seasonally-adjusted figures. We normally compare the latest non-overlapping three-month periods (for instance October to December compared with January to March).

The relationship between production and turnover

The development in the turnover can be related to changes in both volume and prices in the different industries. Production to stocks and sales from stocks can also happen. Reporting during large deliveries of capital goods can contribute to differences in the development in the index of production and the statistics on turnover.

 

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